Mastercard Supports African Payment Innovation

Mastercard, a Payment Solution Company is expanding its engage programme in sub-Saharan Africa, with the events in Nigeria, and Kenya, to introduce local fintech innovators to its broad partnership opportunities.
The programme launched to fintechs in Nairobi, and Lagos, is a global partnership and development programme that builds digital payment technology ecosystems and enhances speed to market.
Engage connects financial institutions, merchants and internet of things (IoT) manufacturers with the right technology partners that can help them deliver innovative payment solutions, for businesses and consumers alike.
Since its launch in February 2017, the platform has tripled the number of fintech partners. The capabilities of these partners include deploying digital wallets, enabling tokenisation, facilitating instant payouts and launching mobile point of sale solutions, among others.
 Area Business Head, MasterCard West Africa, Omokehinde Adebanjo, said: “At Mastercard, we believe partnerships – particularly with regional fintechs with a deep understanding of the local environment – are crucial for ongoing innovation that delivers relevant payment solutions to empower communities. Engage connects financial institutions and merchants with technology partners within a broad innovation ecosystem, helping companies create and launch the most innovative payment solutions for businesses and consumers.” 
According to her,  MasterCard Engage uses a publicly available website to help issuers and merchants find the right solutions, such as digital wallets, mobile POS, tokenized payment services, security solutions, and payment controls solutions, and identify qualified technology partners who can help them build those solutions in their markets.
 She noted that these fully vetted, experienced companies offer inter operable solutions that meet industry and Mastercard standards and can evolve with Mastercard as the payment ecosystem continues to innovate.

Mastercard Supports African Payment Innovation Mastercard Supports African Payment Innovation Reviewed by proville on 11:50 am Rating: 5

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